Enter Bankruptcy Protection and Get Fair Debt Collection Protection
Bankruptcy is a last resort, but if it does nothing else, it will let you get out from beneath most of your financial burdens so you can move forward with your life. If you, for whatever reason, are simply unable to meet your financial commitments, then you are unable to meet your financial commitments.
What Happens When Bankruptcy Is Filed?
After you have filed for bankruptcy, your creditors will be notified and you will under fair debt collection laws, no longer be hounded with demands for payment...a welcomed relief. The courts will require that you submit a list of your assets and debts, and you may be required to sell off some of what you own in order to reduce your debt as much as possible. Or, the case of a Chapter 13 bankruptcy, the court may put you on a long-term repayment schedule. Your bankruptcy attorney will advise you on what type of bankruptcy is best in your case.
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Amazing But True
But regardless of the sort of bankruptcy you file, it will remain on your credit report for between seven and ten years. What not many people will tell you, is that within a few weeks of having your bankruptcy finalized, you will begin to receive credit card applications. Why? Because these companies know that you enter bankruptcy protection, you cannot file for another bankruptcy for another 7 years, so you'll never be a better 'risk' than right now.
Don't be tricked into thinking many employers check credit histories before they hire new employees. Most don't, and in general, it's widely known as a scare tactic to keep people from filing for bankruptcy protection. Look at it as another way they want to avoid fair debt collection.
Read Up On Bankruptcy
Before you decide to file for bankruptcy, make sure you do some research online and find out all the information you can about the process. A little bit of reading now, can make a big difference on how smoothly or roughly you enter bankruptcy protection filing goes.
Jacksonville Bankruptcy Lawyer
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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